Landsec returns to profit as London property market stabilises Property British property investment trust Land Securities, known as Landsec, swung back into profit and hiked its forecast for the year today after a rebound in occupancy and rental income in London. Landsec told markets this morning that it had returned to the black in the first half of the year, reporting profit after tax of £243m [...]
Property prices hit record high as analysts warn rise will continue Property House prices have hit a record high as analysts suggest higher demand has come up against a continued shortage in the housing supply. The cost of the average UK home reached £293,999 in October, the highest ever recorded, outstripping the £293,507 reached in June 2022, according to Halifax. The 0.2 per cent rise is the [...]
House prices rise at fastest pace in two years Business House prices have risen at their fastest pace in two years as easing mortgage rates shift the UK’s property market back into gear, new figures reveal. House prices across Britain rose by 3.2 per cent year on year in September and 0.7 per cent month on month, according to Nationwide’s house price index. “Mortgage rates [...]
Prime property in London ticks down amid Starmer ‘plans to penalise wealth’ September 25, 2024 Demand for prime property ticked down in the third quarter of the year as buyers returned to ‘wait-and-see’ mode ahead of the Autumn budget. The prime property market has been up and down this year; buyers held back ahead of the July election but returned to the market over summer. Now they nervously await potential [...]
Rightmove: Average price tag on a home jumped by almost £3,000 in September September 16, 2024 The average price tag on a home jumped by nearly £3,000 in September, according to a property website. Across Britain, the typical price being asked for a home coming onto the market increased by 0.8 per cent or £2,974 to reach £370,759. September usually sees a month-on-month price jump, but this year’s increase of 0.8 [...]